I sold my commercial property in FY 2012-13 for Rs. 6,35,000 which was bought in FY 1993-94 for Rs. 1,25,000
Now i purchased new commercial property in FY 2012-13 for Rs. 13,00,000
Should i am liable for Capital Gain Tax, if i keep it in Block of Assets, if not then how much capital gain?
Please Help.
No capital gains if you are claiming depreciation on the same and it is a block of asset of your business.
for more details visit and post : https://knowyourtaxation.blogspot.in/
VIKAS VERMA & CO
New Delhi
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